Uncertainty over the Outlook for Foreign Exchange, Financial Markets and Overseas Economies

「Meanwhile, the prolonged geopolitical risks had destabilising effects on global supply chains and resource prices. In addition, import and energy prices rose as the yen remained weak, and Japan entered a period of rising domestic interest rates, leaving the outlook uncertain.」

「Meanwhile, the outlook remains uncertain against a backdrop of the prolonged Russia-Ukraine situation, developments in the economic policies of the new US administration, and concerns about personal consumption due to rising prices.」

「However, multiple factors pushing up prices, including supply chain disruptions, the weaker yen and surging energy prices associated with Russia's invasion of Ukraine, have combined, and the outlook remains uncertain.」

「However, multiple factors pushing up prices, including the weaker yen and surging energy prices associated with Russia's invasion of Ukraine, have combined, and the outlook remains uncertain.」

「Although the economy is gradually recovering as vaccination rates for COVID-19 rise and therapeutic drugs are developed, visibility remains limited regarding when the COVID-19 pandemic will subside. In addition, soaring resource, energy and food ingredient prices due to geopolitical risks, including the situation in Ukraine, are expected to further heighten uncertainty over the economic outlook.」

「During the cumulative third quarter period (1 April 2021 to 31 December 2021), Japan's economic environment was significantly affected by the spread of the novel coronavirus infection. Although the impact has eased gradually due to factors including the rising vaccination rate against the novel coronavirus, the outlook remains uncertain.」

「During the cumulative third quarter period (1 April 2020 to 31 December 2020), Japan's economy deteriorated rapidly as restrictions on the entry and activities of visitors to Japan due to the global spread of the novel coronavirus infection and a sudden contraction in domestic consumption took effect, leaving the economic outlook uncertain.」

「During the cumulative second quarter period (1 April 2020 to 30 September 2020), Japan's economy deteriorated rapidly as restrictions on the entry and activities of visitors to Japan due to the global spread of the novel coronavirus infection and a sudden contraction in domestic consumption took effect, leaving the economic outlook uncertain.」

「During the cumulative first quarter period (1 April 2020 to 30 June 2020), Japan's economy deteriorated rapidly as restrictions on the entry and activities of visitors to Japan due to the global spread of the novel coronavirus infection and a sudden contraction in domestic consumption took effect. The economic outlook also remained uncertain.」

「The worsening impact of the spread of the novel coronavirus infection, which occurred toward the end of the fiscal year, had a major impact on the global economy as a whole.」

「During the cumulative third quarter period, Japan's economy continued to recover moderately, supported by improvements in employment and income conditions. However, uncertainty about the outlook has increased further amid growing uncertainty in overseas economies, including the US-China trade friction and the UK's withdrawal from the EU.」

「During the cumulative second quarter period (1 April 2019 to 30 September 2019), Japan's economy continued to recover moderately, supported by improvements in employment and income conditions. However, uncertainty about the outlook has increased further amid growing uncertainty in overseas economies, including the US-China trade friction.」

「The outlook has become increasingly uncertain due to the psychological impact of the consumption tax rate increase, entrenched frugal consumer attitudes, and uncertainty surrounding overseas political and economic conditions, including U.S.-China trade friction.」

「The outlook remained uncertain due to the economic impact of successive natural disasters, rising labor costs caused by tight labor supply and demand, and uncertain overseas political and economic conditions.」

「Although relations between the United States and North Korea underwent a historic shift from tension toward reconciliation, domestic industries continued to face an uncertain outlook due to downside risks to external demand stemming from U.S. protectionist policies.」

「Concerns remained about the spillover effects of sharp fluctuations in foreign exchange rates and share prices, driven by domestic and international conditions, on personal consumption, corporate earnings and overseas economies, and the uncertain economic environment is expected to continue.」

「The outlook remained uncertain, as consumption lacked strength due to sluggish growth in disposable income and concerns about rising prices, while domestic and international political and economic developments also remained unclear.」

「The outlook remained uncertain, with continued frugality due to sluggish growth in disposable income and concerns about rising prices, as well as a lack of clarity surrounding domestic and international political and economic developments.」

「The outlook remained uncertain, with continued frugality due to sluggish growth in disposable income and concerns about rising prices, as well as a lack of clarity surrounding domestic and international political and economic developments.」

「Concerns remained about the impact of unstable foreign exchange rates and share price trends, driven by domestic and international conditions, on personal consumption, corporate earnings and overseas economies, and the difficult economic environment is expected to continue.」

「The outlook remained uncertain, beginning with unstable share prices and a stronger yen following the introduction of the policy, followed by a sharp yen depreciation and rising share prices after the U.S. presidential election, as well as concerns about the impact on economies worldwide of slowing emerging-market economies and changing economic conditions in Europe and the United States.」